Liberty Latin America 2020 revenues drop 2.6% to USD3.8bn

1 Mar 2021

Liberty Latin America (LLA) has reported revenue of USD3.765 billion for the twelve months ended 31 December 2020, down 2.6% from USD3.867 billion on an annualised basis. LLA reported adjusted OIBDA of USD1.485 billion, a 3.7% decrease year-on-year, while operating income for the year was USD92 million, down from USD354 million in 2019. The net loss attributable to shareholders, meanwhile, was USD687 million for full-year 2020, compared to USD80 million in 2019.

In operational terms, LLA reported a consolidated mobile user base of 4.451 million at 31 December 2020, alongside 2.764 million fixed broadband subscribers, 1.951 million pay-TV customers and 1.471 million fixed voice users.

Balan Nair, CEO of LLA, commented: ‘Operating and financial results for the group continued to improve in the seasonally strong fourth quarter. Our markets are steadily recovering from the adverse impacts of COVID-19, however the environment remains challenging, and given the circumstances, we were pleased to deliver robust, positive adjusted free cash flow in 2020 … We remain active and disciplined in pursuing our inorganic strategy. The businesses we acquired from AT&T finished the year well and we are on-track with our integration plans, including the launch of some exciting new propositions for our customers in 2021. We are continuing to work towards a summer completion of the acquisition of Telefonica’s Costa Rica assets.’

United States, Liberty Latin America (LLA)